Keeping with its dynamic approach, Oil and National Gas Corporation Limited (ONGC) pro-actively took up the cause of providing clarity on the vexed issues of newly introduced Goods and Sales Tax (GST) and its operative part. Offshore Engineering Services (OES) Mumbai successfully organised an Open Interactive session with Lump Sum Turn Key (LSTK) contractor of OES on GST. The session was chaired by Executive Director, Chief of Engineering Services Mr. A. Ravi, and supported by Mr. P.K. Saxena, Group General Manager-Head Of Department, Mr. S.C. Pandey, Group General Manager –Head of Works (HOW), Mr. D.S. Sagar, Group General Manager (F&A) and General Manager (MM), Mr. B. Rajendran.
The need to take up this initiative surfaced when LSTK bidders expressed their concern about understanding of some of nuances of GST and their implications on the bid for these upcoming tenders worth over a billion dollars. As these tenders are directly related with enhancement and maintenance of oil and gas production from Western Offshore Fields, it was utmost important for OES to understand the concern of these bidders and address them suitably. These projects are being monitored by The Ministry of Petroleum and Natural Gas on regular basis.
International bidders like NPCC of Abudhabi, Vietsopetro of Vietnam, Sapura, Kenccana of Malaysia, CUEL of Thailand , Pt Timas of Indonesia raised various queries on GST that helped meet the tendering and completion schedule of the tenders.